Packaging Corporation of America (PKG) Receives Analyst Rating

Packaging Corporation of America (PKG) : The consensus on Packaging Corporation of America (PKG) based on 11 analyst recommendation on the company stock is 2.09, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Packaging Corporation of America (PKG) : The highest short term price target forecast on Packaging Corporation of America (PKG) is $96 and the lowest target price is $65. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $83.25 with a standard deviation of $10.08.


Also, Equity analysts at the Brokerage firm CLSA maintains its rating on Packaging Corporation of America (NYSE:PKG). The rating major has initiated the coverage with buy rating on the shares. The Analysts at CLSA raises the price target from $83 per share to $95 per share. The rating by the firm was issued on September 6, 2016.

Packaging Corporation of America (NYSE:PKG): After opening at $78.86, the stock dipped to an intraday low of $78.86 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $80.36 and the buying power remained strong till the end. The stock closed at $80.03 for the day, a gain of 1.78% for the day session. The total traded volume was 601,689. The stocks close on the previous trading day was $78.63.

Packaging Corporation of America (PCA) is a producer of containerboard and white papers. The Company operates eight mills and 99 corrugated products manufacturing plants. The Companys operations are primarily in the United States and it has converting operations in Europe, Mexico, and Canada. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Companys corrugated products manufacturing plants produce a variety of corrugated packaging products, including shipping containers used to protect and transport manufactured goods, multi-color boxes, and displays. It manufactures its Packaging products at five containerboard mills, one containerboard machine, corrugated manufacturing operations, and protective packaging operations. Its Paper segment manufactures and sells white papers. Its Corporate and Other segment includes corporate support staff services and related assets and liabilities, and foreign exchange gains and losses.

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